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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Robert T. Quasius who wrote (47820)	7/12/1999 10:00:00 PM
From: RBlatch	Read Replies (3) \| Respond to of 95453

Robert - I traded in my PGEI last week for MEXP at about an even up swap. Just feel MEXP will move sooner. PGEI long term is good also in my opinion. MEXP better in the near term. Cordially, RBlatch

To: Robert T. Quasius who wrote (47820)	7/12/1999 10:09:00 PM
From: James Cherney	Read Replies (1) \| Respond to of 95453

Robert...PGEI curious... Announced they would solicit partner in Raton development but, to my knowledge, still no word...My assumption is that they, PGEI, may be waiting for improved gas prices to go it alone in order not to dilute the find...postponed gratification...This may be what sparked the recent downgrade and caused Slider to look for better near term appreciation...No attempt here to speak for SOTB, perhaps the upcoming NGP conference will shed some light...jrc... FWIW; NGP is major equity player in VEI, an even "curiouser" story